Refex Industries Limited has officially disclosed the receipt of a new order from a leading Miniratna company. The contract involves the provision of logistics and material handling services specifically tailored for the infrastructure and mining sectors. This development was formally communicated to the stock exchanges in compliance with Regulation 30 of the SEBI Listing Regulations.

According to the details provided in the regulatory filing, the order is categorized as a domestic contract. The scope of the project focuses on providing essential logistics and material handling support within the mining and infrastructure industries. The company has stipulated that the execution period for this order is six months, and the total consideration or size of the contract is approximately INR 20.27 crore, inclusive of GST.

Refex Industries Limited is a multi-divisional organization with a strong footprint in sectors such as refrigerant gases, coal trading, and fly ash handling. Throughout 2025, the company made significant strides in expanding its green mobility business, notably through partnerships to deploy electric vehicles for corporate and B2B transportation. The company has been actively scaling its operations in the ash handling segment, which remains a key revenue driver, and continues to secure various infrastructure-related contracts to bolster its order book.

For the fiscal year ending March 2025, Refex Industries reported a robust consolidated revenue of INR 2,430.02 crore, a significant increase from the previous year, driven heavily by its ash and coal handling operations. The company’s Profit After Tax (PAT) for the same period stood at INR 189.41 crore. While the company maintains a diversified business model, it has faced competitive pressures on operating margins. Regarding shareholding, the promoter group holds a majority stake of 55.85% as of March 2026, and the company continues to attract interest from both domestic and foreign institutional investors.